Steel-Frame Manufacturing
For Sale
$1,375,000
414 Hill Street, Biddeford, ME 04005
Commercial Sale, Biddeford, ME
Property Size11,324 SF
Lot Size1.50 Acres
Price / SF$121.53
Days on Market47
Property Features for 414 Hill Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I2
Parking features
Off Street
Lot features
Near Turnpike/ Interstate, Industrial Park, Near Shopping
Standard status
Active
Size
11,314 SF
Lot size
1.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
16934
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Wall Unit(s)
Water source
Public
Amenities
loading access
Building Details
Year built
1988
Number of units
1
Flooring type
Concrete, Heavy duty, Wood
Building materials
Steel Frame, Aluminum Siding, Vertical Siding
Roof type
Flat, Membrane
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Marc Fishman
(207) 775-6561
Added: Sep 4
Changed: Oct 20
Last Checked: Oct 20 at 10:06AM
MLS# 1679281
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This manufacturing property includes a steel-frame building constructed in 1988 on approximately 1.5 acres. The facility has metal siding, a metal roof, concrete slab flooring, public water and sewer, natural gas service, and clear ceiling heights of approximately 15 to 17 feet. Heating is provided by a heat pump, with wall-unit cooling and off-street parking.
The site is located in an established industrial area of Biddeford, with access to major transportation routes and the greater Portland and Southern Maine market. Loading access and the available site area support a range of manufacturing, warehouse, distribution, and other industrial uses, subject to zoning. The property is zoned I2.
The site is located in an established industrial area of Biddeford, with access to major transportation routes and the greater Portland and Southern Maine market. Loading access and the available site area support a range of manufacturing, warehouse, distribution, and other industrial uses, subject to zoning. The property is zoned I2.
Key Highlights
- Approximately 1.5‑acre industrial site in Biddeford
- 11,324 ± square‑foot building with 10,000 SF on the 1st floor and 1,324 SF on the 2nd floor
- 15‑17 feet of clear ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,671
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,333,420
$2.3M
Cap Rate 7%
$1,666,729
$1.7M
Cap Rate 9%
$1,296,344
$1.3M
Market Conditions
NOI Build-Up for 11,314 SF
Gross rent
$169.7K $15.00/SF
− Vacancy
−$3.0K −$0.27/SF
EGI
$166.7K $14.73/SF
− OpEx
−$50.0K −$4.42/SF
NOI
$116.7K $10.31/SF
Area
York County, ME
Vacancy
1.79%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,333,420
Cap Rate 7%
$1,666,729
Cap Rate 9%
$1,296,344
Alternative Uses
Best Use
Warehouse
$2.02M
$1.77M – $2.36M
NOI $141,671 @ 7.0% cap · market cap 10.30%
Second Best
Industrial
$1.67M
$1.46M – $1.94M
NOI $116,671 @ 7.0% cap · market cap 8.49%
Theoretical Best
Office A
$3.59M
$3.14M – $4.18M
NOI $251,054 @ 7.0% cap · market cap 18.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
17 ft
Clear height
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Explore this area
Business Placement
Demographics for 04005, ME
24,581
Population
11,001
Households
2.2
Avg Household Size
39
Median Age
29%
College-Educated
95%
High-School Grad
47.9 sq mi
ZIP Area
513
Density / Sq Mi
$71,268
Median Household Income
$39,176
Median Earnings
$1,186
Median Rent
$351,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial building with loading access, clear-span utility, and public water and sewer service in an established industrial area.
Where is this manufacturing property located?
The property is located at 414 Hill Street Biddeford, ME.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Approximately 1.5‑acre industrial site in Biddeford; 11,324 ± square‑foot building with 10,000 SF on the 1st floor and 1,324 SF on the 2nd floor; 15‑17 feet of clear ceiling height
